JIT (just in time)

A revolutionary stock management system that aims to minimise stock held in the business. By getting stock where it is needed Just In Time, extra cashflow is available for the organisation. The system was introduced by the Japanese automotive industry.

JIT can be a risky venture. When Sainsbury's introduced a JIT system, there were teething problems which resulted in stock not getting to stores in time. The result - lost customers.

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